Exemption limit for audit u/s.e704 mvat

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 March 2013 Sir,
Which dealer have to file audit report u/s e704 of Maharastar VAT Act.Dealers who have gross turnover is less than Rs.6000000.00 required ti file audit report

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
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04 March 2013 A normal dealer need to file an audit report only if his turnover exceeds Rs60lakhs. But for some dealers like holding licenses for liquor manufacturing and distribution,extended with special incentives etc are to file the report without any reference to the limit of T.O.
....MJK